• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 202303

Vehicle Components Manufacturers Explore Avenues In Ghana

18-Mar-2023
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

A group of 18 vehicle components manufacturers from automotive manufacturing countries are in the country for a-week long exploration of Ghana’s automotive eco-system to establish plants in the country.

The group, which is the fifth of its kind to come to Ghana, was brought in by the Volkswagen and are from Germany, Mexico, South Africa and India among others, seeking opportunities to establish plants in Ghana.

The Group Communications Director of Volkswagen, Andile Dlamini, announced this when a delegation from Volkswagen paid a courtesy call on President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra yesterday.

Led by the Chairperson and Managing Director of Volkswagen Group South Africa, Martina Biene, members of the group were in the country for the launch of the $8 million assembly plant at Tema last Thursday.

With an installed capacity of 5,000 units per annum, the new facility will assemble the T-Cross, Tiguan, Amarok and Virtus models of the VW range of vehicles, creating 80 jobs, including local third-party service suppliers.

By the new facility, the country becomes the fourth assembling location for VW vehicles in sub-Saharan Africa, joining the league of South Africa, which is host to the company’s largest assembly plant, with Kenya and Rwanda.

Investors

Dilating on the interest of components manufacturers, Mr Dlamini said the investors had been meeting with assemblers, dealers, government entities and infrastructure managers just to understand what the ecosystem offered.

He added that they were interested in investing in Ghana, adding that “we fully support the policy that will be implemented. We believe in Ghana; we believe it as the hub of Africa”.

Showcase

For her part, Ms Martina Biene said the opening of the facility last Thursday in Tema was to showcase the next step of their commitment to the journey that started in 2018, noting that the plant also marked the automotive journey in Africa.

Policy

She described the automotive policy in Ghana as “probably the most advanced and the most well-thought- through which could also make Ghana, the West African hub of the automotive industry”.

She gave an assurance that the company would stay and complete the successful journey with Ghana and make the next brave steps of growing the automotive industry.

President Akufo-Addo said the Automotive Policy was meant to offer clarity to anybody who was interested in any aspect of the industry in Ghana and expressed delight that the policy continued to have an impact.

He indicated that the African Continental Free Trade Area (AfCFTA) was a game changer and that was the reason why Ghana ensured that the secretariat was brought to Accra to make the country the commercial hub of Africa.

“We want industrialists to take advantage of the AfCFTA and use Ghana as the gateway”, he said, and indicated Ghana was interested in integration, where the components would be manufactured in Ghana as well as upgrading the skills of the workforce using the country’s resources.

Source: graphic.com.gh

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

BOST, beacon of corporate governance-Veep

Next Post

UMB Celebrates BOST Revival At Customer Recognition Event

 
 

More Stories

Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges
Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event
AGI Urges Government To Incentivize Production
Understand The Nature Of Assets Before Investing – George Allotey
Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals
Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards
Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding
GACL Is ‘Best ERM Compliant Institution’ 2023
Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria
Next Post

UMB Celebrates BOST Revival At Customer Recognition Event

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges

  • Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event

  • AGI Urges Government To Incentivize Production

  • Understand The Nature Of Assets Before Investing – George Allotey

  • Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals

  • Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards

  • Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding

  • GACL Is ‘Best ERM Compliant Institution’ 2023

  • Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria

  • NDC Promises Higher Cocoa Prices, Free Fertilizers, Free Sprays, and Improved Roads - Ato Forson Assures Cocoa Farmers

 

 
 

Popular Videos

Kokrokoo Live On Peace 104.3 FM (20/09/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (22/09/2023)

GHANA MONTIE with MAC-JERRY OSEI AGYEMAN on NEAT 100.9 FM (THURSDAY 21-09-23)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM (WEDNESDAY 20-09-23)

Peace Power Sports (20/09/2023)

Peace Power Sports (22/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media